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20130123
20130123
Search Results 0 to 23 of about 24 (some duplicates have been removed)
KCSMMHZ
Jan 23, 2013 2:30pm PST
have a chance to vote on their place in the european union. at lunch in east london, the euro cafe is serving up british toast and italian coffee, and the patrons are discussing the european question. >> we should be allowed a say at some point. >> we are definitely part of europe, and i think we will be too small outside of europe. >> but not all londoners are as pro-eu as those in the euro cafe. >> we definitely need to renegotiate our position. it certainly detracts from what we could contribute to our own economy, which is sorely needed. >> i know we can still means -- retain a relationship with our members without necessarily the party. m a cameron's position is one of a strong britain in a more relaxed european alliance, and he says that is something he will fight for. >> david heyman is making his own position very difficult. britain's fate will hinge on its european partners. -- david cameron is making his own position very difficult. if they do not agree, britain is headed toward the exit door, and this is something the prime minister does not want at all. >> cameron's speech
CSPAN
Jan 23, 2013 7:00am EST
big change taking place because of the euro zone and that is why i think it's right to resell our relationship with europe and then to trust the people. >> thank you, mr. speaker. [inaudible] recent revolutions show about the secretive series abuse of powers continues with involvement of the police and the security services. will be prime minister have an investigation into the scandal that has ruined, continues to run the lives of many hard-working men, women, and their families? >> the honorable member quite rightly raised the issue that i know the opposition will be racing today in the debate and let me say the blacklisting that occurred was a completely unacceptable project that i think the previous government was right to bring in legislation to make it unlawful. we've seen no evidence that the blacklisting regulations introduced are not doing their job and the company responsible was shut down in 2000. at me say this but i do welcome the openness and frankness that labour are using to look at something that went wrong while they were in office. >> thank you, mr. speaker. my
FOX Business
Jan 23, 2013 4:00pm EST
below $1687 per troy ounce. in the euro, falling to one week low against the u.s. dollar amongst speculation a large investor is selling the greenback. the euro fell to $1.32 in intraday trading. there was speculation he was selling the euro, that expect investor. david: a huge day for apple, which of course is in most peoples portfolipeople's portfor another. in the pits of the cme, and our market panel to talk over apple and all the other news of the day. jerry leavy and david wright, managing director at sierra investment management. tim at the cme. i would say everybody is focused on apple right now. what are expectations in chicago? >> everybody is focused, but i am not so sure it is this quarter. what they will do for the quarter and in march. it will really be key, specifically apple lowers expectations, but the concern is they might not get away with it this time. having said that, why i say this quarter may not be so big. they were originally looking for $11.77 or sure. they have already raised estimates, the report the other day now expectations are a little bit for thi
CSPAN
Jan 23, 2013 7:30am EST
structure of the euro zone where countries without a central bank behind them needed -- bailout of the banks and where the banks needed to continue lending money to bankrupt states, -- there was a domino effect because of the banks that were untrustworthy and the untrustworthy countries that they were associated with. this was the point in which the european union refused to realistically look at the situation. they decided that it was better to act, that it was just a crisis of public debt, and they did not -- instead of accepting that they had a poorly designed a currency union, they decided to implement austerity packages to ponte economies that were on the brink of bankruptcy. securing their default, in this way they created a recession that was not necessary for us to have. and they insisted in doing. at the cost, at great human co cost. and at a terrible cost for democracy. ladies and gentlemen, understanding here before you today, and i'm very sorry, but i'm going to say but i have to say this, none of these lessons have been taken seriously by europe. another thing that the cri
PBS
Jan 22, 2013 6:30pm PST
of europe. >> the establishment of the european military system was for the euro and it was the work of franco-german relations. >> they paid tribute to the fallen of the first world war. germany and france would stand by one another. the current german and french leaders are hardly united in the struggle for stability of the european currency, but some say that is nothing new. >> there is one thing to take from 50 years since the treaty is that we do make a difference. but this is perhaps not the worst strategy for getting through the current crisis. >> for more, we have our correspondent from the parliamentary studios. franco-german relations have been put to the test over the last year. has it caused by problems to date? >> of course the two have had their cautious over the strategy meant in tackling the eurozone debt crisis. we know that merkel is very fond of talking about universality. the clashes have been stronger between other heads of government between france and germany in the past 30 years. it is so fundamental to the sense of their identity. any clashes will not se
WHUT
Jan 23, 2013 7:00am EST
going to want an ever closer union as a result of the problems created by the euro, why should britain not want to take advantage of the changing your pandemic to give britain a chance to become more competitive? the changes going to happen. we want that changed to be a direction that suits the british people. >> i can see you gesticulating. did you want to come in? >> we have become competitive within the european union. germany has given the example, we were able to become competitive. we of a higher debt ratio the most of the member states in the eurozone. higher unemployment questions. this has nothing to do with the european union, other countries have shown that you can be successful within the european union. here we would like to cooperate with britain, as germans we would like to have them in, but to change the conditions of the treaty, we would do better through legislation. >> dr. fox, you are on the record as welcoming this speech, but some will question what is your welcoming. for starters, we do not know what the renegotiated union would look like. on the one hand
CNBC
Jan 23, 2013 4:00am EST
going on. last year sterling benefitted from the fact people worried about the euro, the fiscal cliff, saw it as a safe currency. with the rest of the world stabilizing everyone's looking at the u.k.'s underlying fundamentals, no growth, lack of competitiveness, banks talking about weaker sterling. sterling looks vulnerable. >> what happens with the government's finances? the ocd's come out said public spending for 2012, 49% of gdp. it was 49.6% 2011. it was supposed to go down, it went up. >> the gdp numbers were much weaker than expected. we thought there would be a decent recovery in activity. it's than public spending overshot, it's that gdp has undershot. from the ratio point of view you've ended up with a higher level of public spending. >> when you talk it weakness in sterling, what is hsbc saying -- >> against 1.8150. not a huge fall but sterling is one of the weakest of the -- generally soft currencies over the next few months. >> before you go, let's move away from the u.k. just give us your -- your general view of how 2013's going to shape out on a global economy. >> it's a
FOX Business
Jan 22, 2013 10:00pm EST
important financial center, and, oh, yes, the pound sterling at odds with the euro. markets up more than 4% year to date. my next guest says while some investors are still on the sidelines, we're beginning to see a little bit more interest. joining us now with his outlook for the markets and the economy, of course, chief investment strategist for ubs wealth management, mike ryan. mike, good to have you here. >> good to be here. lou: a lot of fun in the european union. start there. we're not hearing so much about the collapse of the e.u., david cameron has other ideas, but the reality seems to be that things are quieting down a bit over there and not influencing our markets nearly so much. >> i think that's fair. i think what we're seeing, really, in the eurozone is an absence of mall las. the last couple years, an existential crisis, would the euro and player survive? a lot has been taken off the table by the posture of the european central bank saying we're standing behind the sovereigns. where does the growth come from? the real extreme risk event is eliminated. lou: and implied o
FOX Business
Jan 23, 2013 3:00pm EST
melon and state street on the bank. on the block. when you hear about the euro zone problems, they are bubbling through, that is trouble pushing foreign banks to possibly spinoff their u.s. subsidiaries like the asset management something i have been hearing for months and months now. that's apparently it's one of the names. i'm not saying these banks are in particular in play. bankers at the wall street firms are definitely approaching these players saying you should do a deal. they are listening. when you put it all together, the macro scenario, increased regulations, euro zone problems, low trading volumes, low interest rate so you can borrow cheaply, guess what happens. you don't make enough money. when you have low interest rates you don't make a lot of money on your investment. you put all that together and you have a situation right for mergers. i don't know they will merge with ameritrade, but is there a need for two of them right now? cheryl: probably not. they traded higher at 2012 like the big guys did. so many deals going on, they were doing their banking profits, c. can ha
WETA
Jan 23, 2013 6:30pm EST
, and italy. you warn that, quote,"the risks of prolonged stagnation in the euro area as a whole will rise if the momentum for reform is not maintained." so the core still remains at risk, correct? >> they are at risk. there are a number of policies that have to be put in place. for the most part, they have indicated what they intend to do. they just have to do it. >> tom: are you referring to government spending cuts or or the central bank continuing with the firewall and protection. >> i was thinking about two things. the program that the b.c. b.has put in place, which has not been taken up. but if it needed to be taken up, i think it should. the other is the progress on the banking union, which is a really important thing. they have taken the first steps, jut the first steps. there is quite a way to go. >> tom: let's talk a little about the united states, because you do address the u.s., and obviously congress and the president keep putting off decisions on spending cuts for america's government budget. how does that postponement impact your forecast? >> we have assumed that b
WHUT
Jan 23, 2013 7:30am EST
little market direction. dollar/yen at 88.29. we're seeing the euro is weaker against the yen. euyou're 0/yen at 117.79. >>> the labor union for japan's regional government workers is calling for the withdrawal of the central government's plan to reduce tax grants. the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all the labor management negotiations. >> tokanaba said local governments are striving to cut workers to deal with the shortage of funds even though they're faced with more tasks in the their everyday work. he said they include social security issues and environmental protection measures. tokanaga added some municipalities have even pressed ahead with their own wage cuts. >>> that is going to do it for biz tonight
SFGTV
Jan 23, 2013 4:00am PST
is, in itself, for euro-american theaters, a radical position. because of the state of theater, it is a hard roll to hold up in institution. it is a hard road. i am looking at where we are 25 years later in the bay area, looking at how hard it is for us to strive to keep our theater is going, etc. i like to think that i'm not struggling quite as hard, personally, but what i mean by that, the intention, the commitment. particularly, to produce works that would not be produced in other places, and also to really nurture women of color artists. i think that is something that has not shifted for me in those 25 years, and it is good to see that brava remains committed to that kind of work. ♪ >> when people talk about the reflection of the community, we can only go from what we have on can only go from what we have on our staff.
SFGTV
Jan 23, 2013 7:00am PST
the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of italians as compared to the debt of the government and the companies the ratio is three to one, so it's a matter of redistribution somehow. italians thanks to god are a wealtdy people and the matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design week, so we will have an italian design week towe
PBS
Jan 22, 2013 5:00pm PST
the euro against the yen, that's quoted at 118.29-32. let's take a look at stocks now. tokyo share prices are lower. as the yen is gaining ground. the nikkei average trading at 10,651. that is a loss of a little over half a percent from tuesday's close. market sources say investors are selling many stocks but especially export-related issues, and that is due to the yen's strength as well as the fact that the b.o.j.'s measures were almost as anticipated. okay. in other asian markets we are seeing seoul regain that 2,000 level. it is up by 1/5 of a percent at the moment. taking a look at australia, the benchmark index is trading higher by a third of a percent at 4,794. >>> well, the japanese government plans to help the ship-building industry in the northeast region which was hit by the march 2011 disaster. the government plans to subsidize ship builders when they jointly build facilities such as dry docks. the subsidies will cover 2/3 of the cost. in the earthquake and ensuing tsunami 37 ship-yards along the pacific coast were severely damaged. infrastructure ministry officials say
CNBC
Jan 23, 2013 12:00am EST
30,000 euros-- about $40,000-- with no questions asked about where the truffles came from. >> [speaking french] >> there's a problem of confidentiality and secrecy. and that encourages a mafia-like attitude. >> michel tournayre, a third generation truffle farmer, says that local trufflers have been carjacked, beaten with baseball bats, and even killed. thieves came and stole his truffles, his trees, and, worse, his dogs. when they took your dogs, what did you do? >> [speaking french] >> i looked for them all over europe. i found a world i didn't know about. it's a world that's rotten to the core. >> did you find your dogs? >> never. >> never. [ticking] >> coming up, the impact of cheap chinese imports. >> if i went to china and took it out of the ground, it still wouldn't taste as good? >> no, no. it's like eating wood. >> that's ahead when 60 minutes on cnbc returns. [ticking] so if you have a flat tire, dead battery, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's
FOX Business
Jan 23, 2013 11:00am EST
the uk should stay in the 27 member euro zone. the first priority is renegotiating the eu treaty. timothy geithner at last they will be friday. president obama has elected jack lew. much of the u.s. experiencing the coldest temperatures in two years. for death are blamed on the cold snap. the bitter conditions are expected to stay into the weekend. dagen, back to you. dagen: jamie dimon apologizing. also, stepping up and saying back off. there is more regulation needed. he said all of this at the world economic forum. we are president and chief investment officer. he is in rochester, new york. maybe the only place on the planet that is colder than where you are sitting right now. >> happy to be here. dagen: what do you say to jamie dimon? there was one hedge fund manager that went after him. he said back off. >> well, jamie is right about the capitalization. he has incredibly strong capital. a lot of the standards forced the banks to have more capital, have more liquidity. it really is about rules. some of the most simple rules are the most important ones. banks should have more
FOX Business
Jan 23, 2013 5:00pm EST
get a higher rate. >> pricing chaos. melissa: sounds scary. chaos. >> everything is pay us. >> euros. other part of the european union? >> they have the grounds. melissa: so if it's 50 crowns to get a haircut. >> thank you for the conversion rate. why is that gas? palin no. melissa: also, you guys need your hair cut all the time. [talking over each other] >> a procrastinator. melissa: next up, check out these neighbors in the u.k. silently fighting over where the garbage bag should go for pickup. in this very polite fight that went on for more than 30 minutes. had this agreement goes now? there would be shoving, gunplay. bullets flying. back-and-forth and back-and-forth. >> this is like if julie and i were neighbors. >> no, we wouldn't. i wish of you under a bus. if the nine checks out. >> definitely. the funniest thing, i don't know how this and spirit it was cool for about a minute and a half. see how this concludes. melissa: i did not watch it all the way to the end either. it's kind of funny for a while. this is not chaos. this is very orderly. i don't know. >> said that there we
CNBC
Jan 23, 2013 3:00pm EST
aligned with europe. if you part a chart of the euro currency over mcdonald's in the last few weeks, almost been an identical chart. that's because they are so europe-focused. i continue to believe europe has too many problems and far too many currencies risks for mcdonald's. coke is concentrated exactly where you want to be which is latin america. just this week the mexican stock market hit an all-time high. the latin america market for coke is bigger than the united states, twice as big as europe. between these two companies you want to bet on latin america and coke, not europe and mcdonald's. >> well, i'll tell you, the entire trend and industry is moving away from the sugary drinks, and you saw that beverage sales in the u.s. were down 2.8% last year. we need to start moving towards the healthier drinks. that's what the consumer wants. now mcdonald's, albeit not the healthiest restaurant, but look what they are doing. they already were in the business of soft drinks. now they are moving. mr. fields, when he stepped down, he was an innovator and kept bringing new products to mark
CNBC
Jan 23, 2013 6:00am EST
will become kind of a full-fledged member. using the euro and everything else. i guess it makes it less likely that they'll adopt a common currency. if they're thinking about leaving the union. >> absolutely. no, there's a widespread sense of relief that britain isn't more closely tied in. if you leak at the performance of the economy, the fact britain has its own central bank, it can pursue monetary policies or policies appropriate for britain and not have to worry about other member states certainly is being taken as a sign of relief. and there's very little sentiment certainly for joining the euro now. although i will say the bank of england numbers fight they're not happy with how strong sterling is. they think currency should be weaker and it could help performance going forward. echoing the currency that we're starting to hear this year. >> no talk about becoming the 51st state which they probably have wanted to do for a while given how we excelled after we broke off. they could come back into the fold, perhaps joining the u.s. and adopt the dollar if they really wanted some -- an
CNBC
Jan 23, 2013 9:00am EST
bottomed and the risk or the fear of a breakup of the euro is not likely anymore, and that's clearly the case. i think draghi has done a terrific job. and number three getting through the leadership transition in china and further stimulation in china. all of those three things are more positive than they have been at any point in the last several years. >> in no doubt about it. in terms of europe. you have the election in italy, bonds due, interest on the bonds due in spain. do these represent hiccups do you think? >> i think they're just challenges or marks in the journey. look at what the progress has been in europe. the progress with the fiscal constraint in portugal, in ireland, in spain. the role monti has played in italy and the leadership he's given that country. the steadfastness of merkel in germany. the fiscal restraint in the uk. all of these are saying we get it collectively. we need to show restraint, but we need to restructure at a pace our societies can absorb so we're going to have a continued series of steps. there's no big bang answer. >> speaking of the u.s. for a
CNN
Jan 23, 2013 4:00am PST
euro zone, mostly in recession, uk is borderline recession, and even the united states, compared to other advanced economies growing in my rue is going to grow another year, a trend of 1.6%, 1.7%. keeps unemployment rate very high. >> reporter: and that's important. rate of growth, keeps unemployment very high in this country. key to all of that is some sort of grand bargain, grand deal in washington. not expecting that any time soon. outlook for housing improvement. but not as much as i think all of us would like to see. soledad. >> great, poppy. thanks for that. >>> ahead on "starting point." vice president biden begins his next four years, he reflects on his past term and his a-ha moment and why he decided to take on the nra. >>> she dated lance armstrong for years. sheryl crow is talking about armstrong's confession that, in fact, he did dope. and new pictures of an aftermath of a major fire in chicago. look at that building encased in ice. back in a moment. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my p
Search Results 0 to 23 of about 24 (some duplicates have been removed)